COVID-19 | ATO to Hold a ‘Strict Line’ on Granting PAYG Withholding Deferrals
The ATO will now only consider deferring PAYG withholding for large businesses where there is a genuine risk of insolvency, but directors have been warned of the significant risks in applying for the relief. The Tax Office has now clarified its position on its discretion to defer the PAYG withholding, GST and excise obligations of…